JAMB Principles of Accounts 1998 Question 11

Use the information below to answer questions 11 and 12.
The initial imprest as at July 1st was ₦500. Petty cash vouchers with the custodian by July 15th added up to ₦394. An I O U slip received from a co-worker was ₦65 and there was a shortage of ₦5 cash. The co-worker made refund on July 18th just before the imprest was replenished.
What was the actual cash in the till as at 15th July?

1. A.₦106
2. B.₦101
3. C.₦70
4. D.₦36